Common use of MORTGAGE BOND Clause in Contracts

MORTGAGE BOND. 2.1.1 If the Contract reflects a loan in terms of clause 1.6.2 of the Contract of Sale, then the Contract is subject to and conditional upon the Purchaser obtaining a loan in principle for the amount set out in in terms of clause 1.6.2 of the Contract of Sale from a recognized financial institution and the Seller receiving a copy of the written approval of such loan in principle by the aforesaid financial institution within 45 (forty five) days from the Date of Signature of the Contract or within such further period of time that the Seller, entirely in its own discretion, may grant to the Purchaser in writing.

MORTGAGE BOND. 2.1.1 If the Contract reflects a loan in terms of clause 1.6.2 1.7.3 of the Contract of Sale, then the Contract is subject to and conditional upon the Purchaser obtaining a loan in principle for the amount set out in in terms of clause 1.6.2 1.7.3 of the Contract of Sale from a recognized financial institution and the Seller receiving a copy of the written approval of such loan in principle by the aforesaid financial institution within 45 30 (forty fivethirty) days from the Date of Signature of the Contract or within such further period of time that the Seller, entirely in its own discretion, may grant to the Purchaser in writing.

MORTGAGE BOND. 2.1.1 If the Contract reflects a loan in terms of clause 1.6.2 1.7.4 of the Contract of Sale, then the Contract is subject to and conditional upon the Purchaser obtaining a loan in principle for the amount set out in in terms of clause 1.6.2 1.7.4 of the Contract of Sale from a recognized financial institution and the Seller receiving a copy of the written approval of such loan in principle by the aforesaid financial institution within 45 90 (forty fiveninety) days from the Date of Signature of the Contract or within such further period of time that the Seller, entirely in its own discretion, may grant to the Purchaser in writing.

MORTGAGE BOND. 2.1.1 If the Contract reflects a loan in terms of clause 1.6.2 1.7.3 of the Contract of Sale, then the Contract is subject to and conditional upon the Purchaser obtaining a loan in principle for the amount set out in in terms of clause 1.6.2 1.7.3 of the Contract of Sale from a recognized financial institution and the Seller receiving a copy of the written approval of such loan in principle by the aforesaid financial institution within 45 90 (forty fiveninety) days from the Date of Signature of the Contract or within such further period of time that the Seller, entirely in its own discretion, may grant to the Purchaser in writing.